Nifty 50 Value Crosses 18,000, Over 85% Stocks Advance
The Nifty 50 Index which is one of the major components of the Indian stock market has been witnessing volatile sessions in recent weeks. There were instances wherein it declined and crashed so hard that investors had been worried about their investments. However, the situation has seemed to change now as the index surged over the 18,000 mark in the trading session on Tuesday, September 13, 2022.
The Nifty 50 Index was up by 0.67% and traded at ₹18,057.10 (up by 120.75 points) at press time today. The index opened at a value of 18,044.45, representing a gap-up of 108.1 points from its previous close of 17,936.35. This premarket jump led the index to cross the 18,000 mark after over five months. The last time it recorded such a value was on April 4, 2022, therefore, this achievement is one of the most notable ones when the recovery of the Indian stock market is considered.
Moreover, 44 out of 50 stocks advanced today, which suggests that 88% of stocks listed on the Nifty 50 gained today. On the other hand, BSE Sensex, another important stock market constituent, has been maintaining its value of over 60,000 and was trading at 60.451.34 at the time of writing.
Nifty 50 Top Gainers
The top Indian stocks that gained the most today are listed below.
1. Bajaj Finserv Limited
Bajaj Finserv Limited (NSE: BAJAJFINSV) saw its stock gain by 4.65% and trade at ₹1,791.95 (up by 78.15 points) at the time of writing in the trading session today. The total trade volume was 61,86,554, which was worth ₹1,11,619.66 lakhs.
2. HDFC Life Insurance Company Limited
HDFC Life Insurance Company Limited (NSE: HDFCLIFE) saw its share prices rise by 2.22% and trade at ₹591.40 (up by 12.85 points) at the time of writing in the trading session today. The total trade volume was 54,83,885, which was worth ₹32,567.15 lakhs.
3. Titan Company Limited
Titan Company Limited (NSE: TITAN) saw its stock hike by 2.08% and trade at ₹2,716.40 (up by 55.25 points) at the time of writing in the trading session today. The total trade volume was 8,20,020, which was worth ₹22,186.38 lakhs.
4. Bajaj Finance Limited
Bajaj Finance Limited (NSE: BAJFINANCE) saw its share prices increase by 0.91% and trade at ₹7,353.00 (up by 66.10 points) at press time in the trading session today. The total trade volume was 6,77,171, which was worth ₹50,130.29 lakhs.
5. Hindalco Industries Limited
Hindalco Industries Limited (NSE: HINDALCO) saw its stock rise by 1.37% and trade at ₹437.05 (up by 5.90 points) at the time of drafting this article in the trading session today. The total trade volume was 27,13,171, which was worth ₹11,834.04 lakhs.
The Nifty 50’s surge today has been a relief for those who had lost hope in the stock market futures. However, due to the extreme volatility, it still cannot be predicted whether the index will maintain its gaining momentum or not.